Tyche Wealth Partners LLC Makes New Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Tyche Wealth Partners LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,717 shares of the oil and gas exploration company’s stock, valued at approximately $228,000.

A number of other hedge funds also recently modified their holdings of the company. Ping Capital Management Inc. lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 50.7% in the 4th quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,029,000 after acquiring an additional 26,900 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $162,000. MAS Advisors LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 31.3% in the 4th quarter. MAS Advisors LLC now owns 19,840 shares of the oil and gas exploration company’s stock worth $255,000 after acquiring an additional 4,732 shares during the period. abrdn plc lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 2.7% in the 4th quarter. abrdn plc now owns 290,793 shares of the oil and gas exploration company’s stock worth $3,708,000 after acquiring an additional 7,626 shares during the period. Finally, Journey Strategic Wealth LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 17.0% in the 4th quarter. Journey Strategic Wealth LLC now owns 28,750 shares of the oil and gas exploration company’s stock worth $370,000 after acquiring an additional 4,174 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. The Goldman Sachs Group increased their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and a consensus price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.3 %

PBR stock opened at $13.88 on Friday. The business has a fifty day moving average price of $13.63 and a 200 day moving average price of $14.15. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91. The stock has a market capitalization of $89.77 billion, a price-to-earnings ratio of 5.42, a P/E/G ratio of 0.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.5338 per share. The ex-dividend date was Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 58.20%.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.